Following losses of 4% during the last third of January, around £2 per tonne has been added to world wheat prices since the market closed on Friday.
There is little fresh news to influence prices but wheat exports from the EU and Ukraine continue to move at a strong pace. EU exports climbed to 16.4 million tonnes by the 2nd February, compared to just 9.9 million tonnes at the same time last year. Despite strike action hindering logistics, French ports shipped their biggest volume of wheat for six years during January.